The Ministry of Finance announced the issuance of amendments to Cabinet Decision No. (74) for 2023 regarding the executive regulations of Federal Decree-Law No. (28) for 2022 on Tax Procedures. The amendments are based on the modifications approved by Federal Decree-Law No. (28) for 2022 on Amended Tax Procedures, which will be effective from January 1, 2026. The amendments include: clarifying the mechanisms for submitting voluntary declarations and aligning them with the amendments to the Tax Procedures Law; stating that refund procedures cover any credit balance for the taxpayer; amending the disclosure mechanisms for the relevant government authorities, while emphasizing the confidentiality of data and its usage limits; extending the record retention period by two additional years for tax periods related to a refund request submitted before the statute of limitations expires and for which no decision has been issued by the authority; and adding the possibility to extend the period for retaining documents or assets for tax audit purposes. The Ministry confirmed that these measures aim to enhance transparency, facilitate taxpayers' compliance, ensure the accuracy of tax procedures, and protect their rights. These amendments will be implemented starting from April 1, 2026.
